Requirements Engineering Contracts in London

Requirements Engineering
England > London

The following table provides summary statistics for contract job vacancies advertised in London with a requirement for Requirements Engineering skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Requirements Engineering over the 6 months to 1 June 2024 with a comparison to the same period in the previous 2 years.

6 months to
1 Jun 2024
Same period 2023 Same period 2022
Rank 380 478 576
Rank change year-on-year +98 +98 -115
Contract jobs citing Requirements Engineering 13 9 40
As % of all contract jobs advertised in London 0.074% 0.035% 0.10%
As % of the Processes & Methodologies category 0.084% 0.039% 0.11%
Number of daily rates quoted 8 5 31
10th Percentile £373 £566 £463
25th Percentile £444 £613 £483
Median daily rate (50th Percentile) £513 £625 £550
Median % change year-on-year -18.00% +13.64% +15.79%
75th Percentile £541 £700 £600
90th Percentile £550 £757 £650
England median daily rate £450 £625 £500
% change year-on-year -28.00% +25.00% +5.26%
Number of hourly rates quoted 0 0 1
Median hourly rate - - £39.29
England median hourly rate £65.50 £78.00 £39.29
% change year-on-year -16.03% +98.52% -21.42%

All Process and Methodology Skills
London

Requirements Engineering is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in London with a requirement for process or methodology skills.

Contract vacancies with a requirement for process or methodology skills 15,465 23,124 35,641
As % of all contract IT jobs advertised in London 88.32% 90.91% 92.20%
Number of daily rates quoted 11,089 16,746 26,132
10th Percentile £340 £375 £390
25th Percentile £449 £475 £475
Median daily rate (50th Percentile) £550 £590 £575
Median % change year-on-year -6.78% +2.61% +9.52%
75th Percentile £675 £700 £688
90th Percentile £800 £800 £775
England median daily rate £525 £550 £545
% change year-on-year -4.55% +0.92% +9.00%
Number of hourly rates quoted 320 264 402
10th Percentile £15.50 £18.00 £16.50
25th Percentile £20.00 £22.50 £23.91
Median hourly rate £28.00 £39.21 £35.50
Median % change year-on-year -28.59% +10.45% +8.07%
75th Percentile £48.75 £64.50 £50.00
90th Percentile £68.08 £82.50 £67.50
England median hourly rate £37.50 £37.32 £25.00
% change year-on-year +0.48% +49.28% +11.11%

Requirements Engineering
Job Vacancy Trend in London

Job postings citing Requirements Engineering as a proportion of all IT jobs advertised in London.

Job vacancy trend for Requirements Engineering in London

Requirements Engineering
Contractor Daily Rate Trend in London

3-month moving average daily rate quoted in jobs citing Requirements Engineering in London.

Daily rate trend for Requirements Engineering in London

Requirements Engineering
Daily Rate Histogram in London

Daily rate distribution for jobs citing Requirements Engineering in London over the 6 months to 1 June 2024.

Daily rate histogram for Requirements Engineering in London

Requirements Engineering
Contractor Hourly Rate Trend in London

3-month moving average hourly rates quoted in jobs citing Requirements Engineering in London.

Hourly rate trend for Requirements Engineering in London

Requirements Engineering
Contract Job Locations in London

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Requirements Engineering within the London region over the 6 months to 1 June 2024. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Jobs
Central London +38 2 £475 -16.67%
Requirements Engineering
England

Requirements Engineering
Co-occurring Skills and Capabilities in London by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Applications
1 2 (15.38%) Microsoft Office
2 1 (7.69%) Microsoft Excel
2 1 (7.69%) Spreadsheet
Business Applications
1 1 (7.69%) Aladdin
1 1 (7.69%) Dynamics CRM
1 1 (7.69%) SimCorp Dimension
Cloud Services
1 4 (30.77%) Azure
1 4 (30.77%) Miro
2 1 (7.69%) Dynamics 365
2 1 (7.69%) Power Platform
Database & Business Intelligence
1 4 (30.77%) NoSQL
1 4 (30.77%) SAP HANA
2 2 (15.38%) Oracle Database
3 1 (7.69%) Data Warehouse
3 1 (7.69%) Power BI
3 1 (7.69%) Power Query
General
1 10 (76.92%) Finance
2 6 (46.15%) Analytical Skills
3 5 (38.46%) Social Skills
4 4 (30.77%) Back Office
4 4 (30.77%) Public Sector
5 3 (23.08%) Banking
6 1 (7.69%) Corporate Banking
6 1 (7.69%) Investment Banking
6 1 (7.69%) Organisational Skills
6 1 (7.69%) Retail
6 1 (7.69%) Retail Banking
Job Titles
1 9 (69.23%) Analyst
2 8 (61.54%) Business Analyst
3 5 (38.46%) Finance Business Analyst
3 5 (38.46%) Financial Analyst
3 5 (38.46%) Senior
3 5 (38.46%) Senior Analyst
4 4 (30.77%) Senior Business Analyst
5 2 (15.38%) Business Finance Analyst
5 2 (15.38%) Developer
5 2 (15.38%) Requirements Engineer
5 2 (15.38%) Senior Business Finance Analyst
5 2 (15.38%) Senior Financial Analyst
6 1 (7.69%) Agile Business Analyst
6 1 (7.69%) Business IT Analyst
6 1 (7.69%) Business Requirements Analyst
6 1 (7.69%) Finance Systems Analyst
6 1 (7.69%) Financial Services Business Analyst
6 1 (7.69%) IT Analyst
6 1 (7.69%) Power BI Developer
6 1 (7.69%) Senior Requirements Analyst
Libraries, Frameworks & Software Standards
1 4 (30.77%) SAP PI
2 1 (7.69%) Web Services
Miscellaneous
1 4 (30.77%) SWIFT Messaging Network
2 3 (23.08%) Product Ownership
3 1 (7.69%) Management Information System
3 1 (7.69%) Onboarding
3 1 (7.69%) Virtual Team
Processes & Methodologies
1 12 (92.31%) Agile
2 6 (46.15%) User Stories
3 5 (38.46%) Acceptance Criteria
3 5 (38.46%) Business Analysis
3 5 (38.46%) Scaled Agile Framework
4 4 (30.77%) CRM
4 4 (30.77%) Data Migration
4 4 (30.77%) Data Modelling
4 4 (30.77%) ERP
4 4 (30.77%) Migration
4 4 (30.77%) Problem-Solving
4 4 (30.77%) Requirements Management
4 4 (30.77%) Story Mapping
5 3 (23.08%) Change Control
5 3 (23.08%) Data Mapping
5 3 (23.08%) GAP Analysis
5 3 (23.08%) Requirements Gathering
5 3 (23.08%) Scrum
5 3 (23.08%) Use Case
5 3 (23.08%) Validation
Programming Languages
1 7 (53.85%) SQL
2 1 (7.69%) Data Analysis Expressions
2 1 (7.69%) Java
2 1 (7.69%) PL/SQL
Qualifications
1 3 (23.08%) Degree
2 2 (15.38%) APMP
3 1 (7.69%) BPSS Clearance
3 1 (7.69%) CBAP
3 1 (7.69%) Master's Degree
3 1 (7.69%) Security Cleared
Quality Assurance & Compliance
1 5 (38.46%) PCI DSS
2 4 (30.77%) ISO 20022
3 2 (15.38%) P3O
4 1 (7.69%) Data Quality
4 1 (7.69%) QA
Vendors
1 4 (30.77%) CyberSource
1 4 (30.77%) SAP
2 2 (15.38%) Oracle
3 1 (7.69%) Avaloq
3 1 (7.69%) Microsoft
3 1 (7.69%) SimCorp